One of Australia’s leading financial regulators that the American can regulate the Libra stablecoin.
In a formal request to the Senate, the Australian Advisory Regulatory Administration (APRA) has proposed a new regulatory framework that allows it to control digital wallets used to make payments, such as Apple Pay or Facebook’s Calibra..
According to the document, the new structure will not only match the current financial system, but also match future developments and technological advances, such as global stablecoins, which have recently attracted significant attention..
Although the Calibra wallet is still under development and should only be launched by the end of the year, the APRA proposal appears to be a positive development for the Libra crypto project, which has faced pressure from the world’s regulators. world governments.
However, not all countries were strongly opposed to the Facebook initiative. For example, the Bank of England named the conditions on which it is ready to accept Libra.
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text: Ivan Malichenko, photo: starsinsider
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